Newfield Exploration’s revenue and net profit margin
Newfield Exploration’s (NFX) 2Q16 revenue fell ~25% YoY (year-over-year). Its YoY revenue growth was 5.5% in 2Q15 and -22% in 1Q16.
In comparison, Newfield Exploration’s upstream peers Cimarex Energy (XEC) and Oasis Petroleum (OAS) saw YoY revenue growths of ~-29% and ~-22%, respectively, in 2Q16. These companies make up 4.1% of the iShares U.S. Oil & Gas Exploration & Production ETF (IEO).
Newfield Exploration also saw a fall in its net profit margin. In 2Q16, it was -150%. It had been -168% in 2Q15 and -170% in 1Q16.